Monthly Archives: October 2024

Disclosure Statement Hearing is set for November 7, 2024

On November 7, 2024, the Committee and the Debtor will seek Court approval of the new disclosure statement, ballot forms, and solicitation and voting procedures. Once those are approved by the Court, survivors entitled to vote will have an opportunity to vote on the fourth amended plan. This page will be updated when the deadlines for voting on the fourth amended plan is set by the Court.

Fourth Amended Plan and Supporting Disclosure Statement Filed on September 13, 2024

Following the Supreme Court’s recent decision in Harrington v. Purdue Pharma L. P., 603 U.S.—,144 S. Ct. 2071 (2024), the Committee and Debtor filed the fourth amended plan and supporting disclosure statement on September 13, 2024. The plan was amended consistent with the Supreme Court’s decision that non-consensual third-party releases in a plan are not permitted under the Bankruptcy Code. Because of this development, the fourth amended plan will be distributed to survivors for another vote, after the new disclosure statement, ballot forms, and solicitation and voting procedures are approved by the Court.